$2,999,000
Available - For Sale
Listing ID: S12234737
5608 Penetanguishene Road , Springwater, L0L 1P0, Simcoe
| Just an hour north of Toronto; Discover a rare investment opportunity on beautiful Orr Lake with five fully winterized, waterfront cottages on over 200 feet of shoreline offering year-round income potential. These charming one- and two-bedroom units were rejuvenated in 2023 & are equipped with both heating and air conditioning, making them perfect for all-season rentals. Brand new Waterloo Septic System services the cottages ($82K). UV water system. Each cottage is thoughtfully designed for comfort and functionality, with direct access to a large 200+ foot sandy, shallow beach ideal for guests of all ages. Adding to the value is a freestanding coffee shop located on the property, currently leased out to incredible tenants, providing additional passive income. With consistent rental demand, scenic lake views, and solid returns, this is a turnkey waterfront portfolio not to be missed. Machinery included: John Deere zero turn mower & Kioti tractor. Located across the street from Orr Lake Golf Club, LCBO and a short drive to Slopes & Spas (Mt St Louis, Horseshoe, Vetta & Snow Valley). |
| Price | $2,999,000 |
| Taxes: | $4261.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 5608 Penetanguishene Road , Springwater, L0L 1P0, Simcoe |
| Postal Code: | L0L 1P0 |
| Province/State: | Simcoe |
| Directions/Cross Streets: | Penetanguishene Rd / South Orr Lake Rd |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Accommodation |
| Use: | Cabins/Cottages |
| Building Percentage: | T |
| Total Area: | 1.06 |
| Total Area Code: | Acres |
| Approximatly Age: | 0-5 |
| Business/Building Name: | Little Vidi Cottages |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Employees #: | 0 |
| Management Expense: | 0 |
| Water Expense: | $0 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 5 |
| Outside Storage: | T |
| Heat Type: | Other |
| Central Air Conditioning: | Yes |
| Sewers: | Septic |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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| ROYAL LEPAGE FIRST CONTACT REALTY |
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|
Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Springwater |
| Neighbourhood: | Rural Springwater |
| Approximate Age: | 0-5 |
| Tax: | $4,261 |
| Baths: | 5 |
| Fireplace: | N |
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